Alibaba has staged a quiet $100 billion rally — AI and Jack Ma's return are at the heart of it
1. Jack Ma urges Alibaba to correct its course amid intense competition. 2. Alibaba's share price rose nearly 60% in 2023, adding $100 billion in valuation. 3. New leadership focus on core e-commerce and cloud businesses suggests renewed strategy. 4. Beijing's support for AI development enhances Alibaba's growth potential. 5. Open-source AI models strengthen Alibaba's cloud business like never before.